Finance Minister Nirmala Sitharaman, while addressing the Parliament during the discussion on the Interim Union Budget for 2024-25, emphasised key financial indicators and government initiatives aimed at bolstering economic growth and fiscal stability. Sitharaman’s remarks shed light on various aspects of the budget, including inflation, capital expenditure, and allocations for Jammu and Kashmir. Addressing inflation […]
The Monetary Policy Committee of the Reserve Bank of India (RBI) in its February review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the sixth straight time. The repo rate is the rate of interest at which RBI lends to other banks. Deliberating the […]
The Monetary Policy Committee of the Reserve Bank of India (RBI) in its February review meeting is expected to again put a pause on the repo rate, according to SBI Research. In its December meeting, the RBI unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining the status quo […]
Oil prices weakened slightly on Friday, but remain set for a second weekly gain as positive US economic growth and signs of Chinese stimulus boosted demand sentiment, while Middle East supply concerns added further support. Brent crude futures were down 94 cents at USD 81.50 a barrel by 12:12 a.m. ET (17:12 GMT), having set […]
Retailers gear up for Budget 2024, seeking tax cuts, green push and digital boost. With the expected growth rate in mind, retailers are looking forward to specific measures in the Interim Budget 2024. They are expecting government support in terms of taxes and incentives to boost the sector’s growth. “Reducing gross and services tax (GST) […]
The government should not reduce import charges on electronic components used in smartphone manufacture in the next Budget since the present tariff system has proven successful and altering it might affect local manufacturing, according to a GTRI report released on Monday. The Global Trade Research Initiative (GTRI) stated that keeping existing rates will assist in […]
Since the declaration of Ram Mandir’s consecration ceremony, Ayodhya has emerged as the nation’s spiritual heart and a thriving economic powerhouse. The city does not just seem inviting to devotees but also to the businesses following them. Confederation of All India Traders (CAIT), the traders’ body last week stated that the business worth Rs 1 […]
Global inflation continued to ease, giving hints of loosening of central bank interest rates in 2024. The global headline rates of inflation are projected to reach 4.8 per cent, a sharp decline from 5.9 per cent in 2023 and 9.2 per cent in 2022, chief economists at the World Economic Forum said in a report. […]
As the retail landscape in India evolves, industry leaders and visionaries share their perspectives on the anticipated trends, challenges, and growth prospects for the year 2024 In the dynamic realm of India’s retail sector, a landscape marked by constant evolution, industry leaders and forward-thinking visionaries are poised to navigate the intricate tapestry of trends, challenges, […]
The retail industry anticipates a transformative year ahead with a focus on innovation, sustainable practices, and robust growth, driven by changing customer experiences, AI integration and more With a rollercoaster ride of large highs in 2023, the retail sector is set to begin a period of exciting growth driven by innovation and changing customer experience. […]
